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A Program for Capital Productivity in Brazil Capital Productivity Indexes in the Brazilian Agribusiness Capital Productivity in the Brazilian Electric Sector A Note on Capital Productivity using the Brazilian Agribusiness Census
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A Program for Capital Productivity in Brazil
Articles: Capital Productivity Indexes in the Brazilian Agribusiness Carlos Feu Alvim Cláudio David Dimande Agribusiness census, due to its complexity and cost, are made at intervals of approximately five years and this makes difficult a complete and fast analysis about productivity evolution that will permit corrective measures. Preliminary calculations of capital productivity in the Brazilian agribusiness sector were made using two indexes: tractors fleet/agribusiness product (1908-2007) and meat production /bovine herd (1994-2009). The first index shows that capital productivity remained constant for approximately consecutive 10 years (1980-1990) when it started to grow and has doubled until 2007. Concerning the second index, capital productivity has grown 41% in the 1995-2008 period and 17% from 2000 until 2008 (triennial averages). A third index, different from the previous ones because it is related to a natural resource (land), was also evaluated, namely the agriculture product per planted hectare. This index presents an interesting particularity: while physical productivity has more than doubled, remuneration per hectare oscillated around a constant value due to the decrease of agriculture prices relative to the economy as a whole. This means that Brazil has more than doubled this capital factor (planted field) but producer’s remuneration has approximately remained constant. The conclusion of the authors is that it was possible to compensate the agriculture prices decrease with productivity increase maintaining the aggregated value per hectare, the latter probably related to the fact that the Brazilian agriculture is presently highly competitive in the world. The causes of this success can only be found by in-depth analysis of the sector, but certainly it includes the technological development as the The Economist () periodical article pointed out, assigning most of the merit to Embrapa (http://www.economist.com/node/16886442?story_id=16886442).
A Note on Capital Productivity using the Brazilian Agribusiness Census Carlos Feu Alvim Cláudio David Dimande
Capital Productivity approximations are carried out using data from the IBGE Brazilian Agribusiness Census by substituting the aggregated value not available at the Census by the agribusiness product. The capital productivity behavior along time does not present a growing or decreasing trend at current values.
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Graphic Edition/Edição Gráfica: |
Revised/Revisado:
Friday, 06 January 2012. |